Section II: Strategic Co-operation and Integration

Title: Yemen's integration in the world economy

Author(s): Ahmed Farouk Ghoneim

Address: Faculty of Economics and Political Science, Cairo University, Giza, Egypt

Reference: BUSINESS EXCELLENCE AND COMPETITIVENESS IN THE MIDDLE EAST AND NORTH AFRICA pp. 44 - 68

Abstract/Summary: While the world is being dominated by the proliferation of Regional Trade Agreements RTAs, Yemen is one of the very few countries that have not been engaged in a large number of RTAs. This study attempts to address several questions such as what track should Yemen follow, the multilateral or regional and if regional what type of RTAs should Yemen join Our main hypothesis is that Yemens engagement in several RTAs is not likely to benefit Yemen in terms of achieving its developmental goals. The study adopts an institutional approach complemented by quantitative indicators that serve identifying the potential effects of joining different RTAs. This paper concludes that Yemen joining of RTAs as long as it rations its engagement in such agreements can complement its process of accession to WTO and serves its developmental goals. This paper suggests some policy measures that can help Yemen to achieve better integration in the world economy.

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